Floki ($FLOKI ) is on the verge of a major breakout, and the weekly chart suggests that a major breakout could be imminent.
With the price testing the major resistance level for the fourth time, #FLOKI appears poised for an explosive move. Coinbase’s addition to its listing roadmap has delighted investors, further boosting the token’s momentum.
Coinbase developments accelerate FLOKI rally
FLOKI’s price has surged 21 percent after Coinbase’s listing roadmap. The popular memecoin reached its highest levels in the last five months at $0.00027, increasing cryptocurrency confidence in FLOKI. The fact that Coinbase, a major US-based exchange, has listed other memecoins such as PEPE and WIFI suggests that interest in this asset category is increasing.
According to analysts, FLOKI is on the pace of a major rally with targets at $0.000775, $0.001270 and $0.002810. There is a general consensus that the fourth test of resistance will usually lead to strong breaks.
FLOKI's market value is currently over $2.55 billion. The token has gained 91.43 percent in value compared to the week in the region, rising to $0.0002675. FLOKI, which has caught the wind of the memecoin, seems ready for the bull season.
New highs can be targeted for FLOKI if Bitcoin's $80,000 support protection, the memecoin trend continues or BTC dominance ends. Crypto analyst CryptoBullet has set three price targets for the popular memecoin. Their targets are as follows: $0.000775 – $0.001270 – $0.002810.
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